07 Oct 2022
It’s easy to be fascinated by a self-appointed ‘expert’ on social media who says you should give everything up to live off passive income or invest your savings in the flavor-of-the-month cryptocurrency. Especially if they do so while leaning on the hood of a Lamborghini or sipping a cocktail on the rooftop bar of a luxury hotel in Dubai. The danger of influencers is that they can end up ruining your finances. At BBVA's EduFin Summit 2022, Manuel Ángel Méndez, editor-in-chief of Teknautas, gave some tips on how to tell the difference between legitimate financial influencers and con artists.
03 Oct 2022
Madrid and Mexico City hosted the 2022 EduFin summit, the annual financial summit organized by BBVA’s Center for Financial Education and Capabilities, which was held on September 29th and 30th. 25 experts from ten countries attended this international event, which has become a real benchmark in the field. Over 200 guests attended in person and over 1,600 watched via streaming. Throughout the event, participants discussed how digitization is revolutionizing financial education and propelling the inclusion of the most vulnerable.
29 Sep 2022
BBVA Chair Carlos Torres Vila opened the Edufin Summit 2022 this Thursday, with a focus on inclusive and sustainable growth via training in digital skills. At this forum, he announced that BBVA will train two million people in financial education between 2021 and 2025, doubling the initial target.
23 Sep 2022
BBVA Chair Carlos Torres Vila will open the next EduFin Summit, the international financial education event hosted by BBVA's Center for Financial Education and Capability, which will take place on September 29 and 30. Mairead McGuinness, European Commissioner for Financial Stability, Financial Services and the Capital Markets Union, will participate in the opening ceremony. The conference will be held for the first time in two countries: Spain and Mexico.
22 Mar 2022
BBVA has launched its Global Financial Education Plan through 2025 with the aim of training one million people and reaching 50 million people who access BBVA content on this subject. The plan, which will be implemented in all countries where BBVA is present, has three lines of action in financial education: society, business support and collaboration.
05 Jan 2022
With December 2021’s data, BBVA customers using its digital financial health tools now exceed 11.7 million. This is the equivalent of a 48% increase in relation to the almost 8 million customers that used these features a year ago, according to the data recently made public by the bank.
09 Dec 2021
BBVA continues to emphasize its digital transformation as an essential factor in achieving its ambitious goals, presented at Investor Day. In this interview, Global Head of Client Solutions David Puente highlights how being a pioneer in digitization gives BBVA an advantage to continue growing in areas such as payments and insurance, create alliances through ‘open banking’ and, in particular, to take a new strategic leap: evolve from providing services to proactive recommendations to help customers improve their financial health and transition to a decarbonized economy.
02 Dec 2021
On Wednesday, BBVA’s CEO participated in a discussion on technology and confidence in the banking sector at the Global Banking Summit organized by Financial Times. Onur Genç explained that BBVA wants to be the bank its customers trust and help them to improve their financial health.
26 Nov 2021
BBVA’s Center for Financial Education and Capability has announced the five financial education research projects that will receive funding through its grant program, BBVA EduFin Research Grants. A total of €50,000 will be distributed among the winning projects, whose research will take place in Spain, Mexico, Colombia and Argentina.
08 Oct 2021
Social networks are experiencing an outburst of influencers generating content on financial topics. More than previous generations, millennials (those born between the early 1980s and the late 1990s) and centennials (those born starting in the late 1990s) appreciate when this type of information comes from someone like themselves. But regulators that have started to monitor their activity recommend taking precautions before following their advice and warn of the risks of turning investing into “a videogame.”
04 Oct 2021
The BBVA Center for Financial Education and Capability has published the 2021 EduFin Position Paper, a document that represents the Center’s position on the current state of financial education at a global level. This report highlights the role of financial education and its challenges in contributing to a more sustainable society in the post-COVID recovery phase. According to the study, digitization and financial inclusion will be key. Its publication coincides with Spain’s Financial Education Day, which is celebrated on October 4 with the slogan ‘Your finances, also sustainable.’
20 Sep 2021
Dividends are the best-known and most widespread formula used by companies to distribute a part of the profits among their shareholders. However, there are other ways. With respect to BBVA, on April 8, the bank will pay a cash dividend of 23 euro cents gross per share. This payment is in addition to the 8 cents it paid in October 2021. This makes for a total of 31 cents for the 2021 financial year, the highest cash dividend per share in the last 10 years.
15 Jul 2021
To measure and understand a banking entity's credit quality, several metrics must be considered as an interrelated whole. One indicator in isolation cannot give a full picture of credit risk. The three most widely used metrics are the NPL ratio, the coverage ratio and the cost of risk. These metrics enable us to analyze the volume of non-performing assets in relation to the size of an entity's loan portfolio, the provisions recognized to cover future default losses and the annual cost of generating this buffer of provisions.
13 Jul 2021
BBVA launches the fourth edition of BBVA EduFin Research Grants, the international call for grants from BBVA's Center for Financial Education and Capability. This initiative seeks to support research on topics related to the challenges of financial education around the world. The deadline for receiving proposals is September 24.
06 Jul 2021
The BBVA CEO underscored banks' advisory work as an essential element in their new customer value proposition, during his participation in the sixteenth edition of the IESE Banking Meeting, held today under the motto “Helping to boost the economy.” Onur Genç also stressed that this advice is based on the trust and knowledge of an expert, and that through the use of technology and data, banks can improve the value they deliver to clients. In addition, he dubbed climate change one of the biggest disruptions in the history of mankind and also a huge opportunity.
27 May 2021
“Financial health impacts more than just our wallets, it is also related to our physical health and social well-being.” This was one of the key takeaways that emerged during the closing day of the EduFin Summit 2021. In this last session, representatives of the financial industry acknowledged that it is necessary to “understand and address customers’ needs, and to even go beyond” and that, for this purpose, “digitization is a lever that will help people strengthen their finances.”
25 May 2021
21 May 2021
The private and public sectors must work together to improve nationwide financial education and inclusion strategies and plans. This was one of the key takeaways that emerged during the fourth session of EduFin Summit, the financial education summit organized by the BBVA Center for Financial Education and Capability. The session concluded with an interactive workshop, where attendees shared their experiences regarding obstacles, success stories and disruptive elements that affect the expansion of financial education.
New technologies are changing the way financial services are delivered. That is why financial inclusion must come hand in hand with digital inclusion and “in this journey, solid financial education is essential.” These were some of the conclusions of the experts who participated in the third session of EduFin Summit 2021, the global financial education summit organized by the BBVA Center for Financial Education and Capability. Participants shared their insights into the challenges of financial vulnerability and solutions to reduce it.
14 May 2021
Access to financial services and the digital divide were two of the main issues addressed during the second session of the 2021 EduFin Summit. The experts who participated in this session agreed that the pandemic has accelerated financial digitization in everyday life, and stressed the need to improve the level of financial education in order to access digital products and services that support inclusion and financial health.
12 May 2021
BBVA Group Chairman Carlos Torres Vila stressed during his presentation at the opening session of the 2021 EduFin Summit the importance of financial education, which he considers “essential to promote a sustainable and inclusive growth.” Also participating in the event was Bank of Spain’s Deputy Governor Margarita Delgado, who underlined the importance of education to foster change toward a more sustainable world.
11 May 2021
EduFin Summit 2021, the conference on financial education organized the BBVA Center for Financial Education and Capability, will bring together leading international experts in this field of studies. According to experts, financial knowledge should play a more relevant role on people's lives, more so in the post-pandemic era.
28 Apr 2021
EduFin Summit, the annual benchmark event on financial education organized by BBVA's Center for Financial Education and Capability, is back after a year of absence due to the pandemic. This year's online edition will begin on May 12 for five days during a three-week-period. Edufin Summit 2021 will address the state of financial education in the post-COVID era and the value of financial knowledge for contributing to inclusive growth, among other topics.
24 Mar 2021
BBVA has invested €91.4 million in financial education programs that have benefited 29.2 million people (almost the equivalent of the population of Peru) since 2008, the year in which it launched its Global Financial Education Plan. On the occasion of the European Money Week and Global Money Week celebrations, BBVA also announced that in 2020 it devoted a total of €2.7 million to fund these initiatives that contribute to promoting financial health among communities.
26 Nov 2020
Bank cards form part of the daily lives of hundreds of millions of people. The keys to their success are their comfort and simplicity for carrying out all kinds of operations: cash withdrawals, purchases, payments ...When it comes time to choose one, it is important to know what types of bank cards there are and their characteristics.
19 Nov 2020
The mass closure of schools, colleges and universities in the 2019-2020 academic year proved that not all schools, teachers, students and families were ready to teach and learn online. One in ten households with school-age children have no Internet access, according to the Instituto Nacional de Estadística, Spain's national statistical institute. Due to the pandemic, technological resources and training in using them effectively is more important than ever. The risk surrounding the digital divide is serious.
18 Nov 2020
Access to technology and financial education improvement for the entire population, especially the most vulnerable, is essential to achieving an inclusive recovery. These have been the main conclusions from the latest edition of EduFin Talks, a space for reflection and debate on financial education's challenges organized by the BBVA Center for Financial Education and Capability in a 100 percent digital format.
11 Nov 2020
New challenges and opportunities in financial education and inclusion will be the main topic of the third edition of EduFin Talks. The BBVA’s Center for Financial Education and Capability presents the new edition of EduFin Talks, a space to reflect on and discuss the challenges of financial education. This year it will be held fully online.
23 Oct 2020
Learning something new is always positive, especially when it’s about something as important as personal finances. Pay attention to this agenda of virtual events in the last quarter of the year, as it will help with money management and improving financial health.
14 Oct 2020
A higher level of financial education in African American communities in the U.S. translates into higher economic well-being, according to the study “Financial Literacy and Wellness among African Americans” by Paul J. Yakoboski from TIAA Institute, and Annamaria Lusardi and Andrea Hasler from the Global Financial Literacy Excellence Center (GFLEC). However, not everyone has the same access to quality financial literacy in the country.